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  • APEC leaders agree to address 'unfair trade practices'

    DANANG, Vietnam (Reuters) -- Asia-Pacific leaders on Saturday agreed to address "unfair trade practices" and urgently called for the removal of "market distorting subsidies," in contrast to communiques they have issued in the past.A joint statement

    November 11, 2017 08:59 pm JST
  • Metro Pacific buys into Vietnam water company

    MANILA -- Philippine infrastructure conglomerate Metro Pacific Investments said on Friday it has agreed to buy a stake in a water company in Vietnam, in a deal that comes less than a week after it took over an Indonesian toll road operator.A Metro P

    November 10, 2017 11:50 pm JST
  • Philippine conglomerates report healthy earnings amid robust economy

    MANILA -- Consumer-centric Philippine conglomerates on Friday reported robust earnings growth from January to September, reflecting a domestic economy that is still strong despite delays in the government's infrastructure roll-out.San Miguel, the bi

    November 10, 2017 10:54 pm JST
  • Nikkei Asia300 Index falls as U.S. tax plan disappoints investors

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday after a tax plan released by U.S. Senate Republicans sought to delay a cut in corporate taxes by a year.The Nikkei Asia300 Index declined 0.2% to 1,389.11. For the week, the index edged

    November 10, 2017 09:02 pm JST
  • Trump warns Indo-Pacific nations on 'trade abuses'

    DANANG, Vietnam -- U.S. President Donald Trump on Friday delivered a strongly worded message on trade to Indo-Pacific countries, demanding trade relationships be fair and reciprocal. Trump said the U.S. will no longer tolerate chronic trade abuses u

    November 10, 2017 08:52 pm JST
  • James Crabtree

    Asia must learn to love higher taxes

    As Donald Trump tours Asia this week, he will look with envy at the many low-tax nations he visits. While the U.S. president struggles to sell his own taxation reforms back at home, Asia's leaders remain vocally proud of their rock-bottom tax regime

    November 10, 2017 07:00 am JST
  • Mass market gambling drives Bloomberry to 31% profit growth

    MANILA -- Philippine casino operator Bloomberry Resorts' net income grew by 30.7% to 1.85 billion pesos ($36.2 million) in the third quarter, driven by stronger gambling activities in its mass market segment.Mass table drop and electronic gaming mac

    November 9, 2017 10:03 pm JST
  • Nikkei Asia300 Index gains as China factory prices rise faster than expected

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Thursday after China's factory prices rose faster than expected, signaling strong global demand.The Nikkei Asia300 Index rose 0.1% to 1,391.42Earlier on Thursday, data showed that producer

    November 9, 2017 08:59 pm JST
  • Philippine's PLDT may sell assets to fund higher capex

    MANILA -- PLDT, Philippines' largest telecom carrier, said it would consider selling assets rather than take on debt if it needed to upgrade its networks, after posting a 58% jump in net profit.PLDT's capital expenditure in recent years reached reco

    November 9, 2017 08:40 pm JST
  • Big week ahead for Asia's politics and economy

    TOKYO -- Leaders from the Asia-Pacific Economic Cooperation forum and the Association of Southeast Asian Nations will hold a string of meetings over the course of the next seven days in what is shaping up to be a week that could decide the future po

    November 9, 2017 10:34 am JST
  • Asia's top economies lose ground on gender equality

    TOKYO Asia's largest economies dropped in the World Economic Forum's latest gender equality ranking, announced on Nov. 2, with India falling 21 places to 108th.The Global Gender Gap Index shows that while the region has become a major driver of the

    November 9, 2017 10:00 am JST
  • Asian manufacturing logs slow growth in October

    HONG KONG Asian manufacturing registered continued growth in October, mostly, with just two of the 12 economies surveyed by The Nikkei seeing a contraction. However, the pace eased as producers felt the pinch of rising costs.The Nikkei ASEAN Manufac

    November 9, 2017 10:00 am JST
  • Philippines' Megaworld goes on a development spree

    MANILA Philippine property developer Megaworld is racing to build up its portfolio of urban business and commercial properties to capitalize on the country's brisk economic growth.The real estate unit of Philippine conglomerate Alliance Global Group

    November 9, 2017 10:00 am JST
  • Filipinos' love of chocolate helps revive the local cacao industry

    MANILA When Gladys Hernando's father became sick last year, the television network executive visited the family farm and started thinking of ways to make it more productive under her management."A friend convinced me to look into cacao farming," Her

    November 9, 2017 10:00 am JST
  • Pavida and Thitinan: Trump's Asia visit a test of bilateral deal making

    It has become a cliche to note the ongoing power shifts in geopolitics and geoeconomics. China is on the rise with such launch pads as the Belt and Road Initiative, the Asian Infrastructure Investment Bank, and the Regional Comprehensive Economic Pa

    November 9, 2017 10:00 am JST
  • Abbosh and Casati

    Asia's aging manufacturers must innovate

    Many of the industries that laid the bedrock for economic success in Asia in the 1970s and 1980s now face the same pressures as their older rivals in the West. Whether it is auto parts, machine tools or transport, they are seeing margins squeezed as

    November 9, 2017 07:00 am JST
  • Duterte touts US friendship ahead of meeting with Trump

    MANILA -- Philippine President Rodrigo Duterte appears to have set the stage for a conciliatory atmosphere when he meets U.S. President Donald Trump next week.Both leaders are scheduled to hold their maiden bilateral meeting on Nov. 13 on the sideli

    November 9, 2017 12:50 am JST
  • Port operator ICTSI says Q3 hit by Australia, Colombia losses

    MANILA -- International Container Terminal Services, a Philippine port company with global operations, saw its third-quarter net profit fall by 16% to $45.7 million after it booked higher expenses from a new project in Australia and losses from Colo

    November 8, 2017 09:07 pm JST
  • Metro Pacific to sell non-toll road assets of Indonesian affiliate

    MANILA -- Metro Pacific Investments plans to divest non-toll road assets of Nusantara Infrastructure after the Philippine conglomerate became the biggest shareholder of the Indonesian company.Metro Pacific plans to make Nusantara a dedicated toll ro

    November 8, 2017 08:41 pm JST
  • Nikkei Asia300 Index falls on China trade data

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Wednesday after China's October trade data painted a mixed picture of Asia's largest economy.The Nikkei Asia300 Index lost 0.3% to close at 1,389.42.China's exports in October rose 6.9% in doll

    November 8, 2017 08:36 pm JST